Brazil: Imea reiterates soybean harvest projections and increases in the cotton area

Published Oct 8, 2024

Tridge summary

The Mato Grosso Institute of Agricultural Economics (Imea) has kept its soybean production estimates for the 2024/25 season, despite ongoing drought conditions and anticipated rain in October. The institute predicts a slight increase in soybean cultivation areas, leading to a higher total production compared to the previous year. In contrast, corn production is expected to see a slight decrease due to low motivations of producers to grow in some regions. Cotton planting areas are set to expand, attracted by its profitability, while the productivity of the 2024/25 corn harvest is projected to decrease, leading to a lower production volume compared to the previous cycle.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Mato Grosso Institute of Agricultural Economics (Imea) maintained its estimate for the soybean harvest in Mato Grosso in the 2024/25 season, despite recent drought conditions and the expectation of rain in October. The data, released this Monday, also indicate an increase in the area planted with cotton and a slight drop in corn production. According to Imea, the area destined for soybean cultivation for the 2024/25 harvest remains at 12.66 million hectares, representing a growth of 1.47% compared to the previous harvest. The productivity forecast remains at 57.97 bags per hectare, an increase of 11.15% compared to the previous cycle. With this, the total soybean production for the 2024/25 harvest is estimated at 44.04 million tons, an increase of 12.78% compared to last year, when the drought significantly impacted crops. Imea emphasizes that the delay in the onset of rains and high temperatures have made planting difficult, which as of last Friday had only reached 2% of the ...

Source: Portal Do Agronegocio